Tag: theft of crude oil

  • Explainer: How Low Is Nigeria’s Crude Exports In 2022?

    Explainer: How Low Is Nigeria’s Crude Exports In 2022?

    Nigeria is currently facing a crude theft crisis, leading to one of the worst production turnout in recent years. According to regulators, the country’s pipelines have faced large-scale  theft of crude that is forcing many oil companies to shut down production, further crippling the country’s fiscal stability. Data obtained from OPEC showed that Nigeria’s production…